S&P 500 5,235.18 +1.02%EUR/USD 1.0840 +0.21%GBP/USD 1.2710 +0.14%USD/JPY 149.50 −0.18%BRENT $82.40 −0.81%BTC $67,800 −0.21%GOLD $2,341 +0.55%NASDAQ 16,420.55 +0.74%S&P 500 5,235.18 +1.02%EUR/USD 1.0840 +0.21%GBP/USD 1.2710 +0.14%USD/JPY 149.50 −0.18%BRENT $82.40 −0.81%BTC $67,800 −0.21%GOLD $2,341 +0.55%NASDAQ 16,420.55 +0.74%
A daily business newspaper · Founded in 2026

Money Talk

Finance and markets: business, quotes, gold, energy and releases.

Unicycive Therapeutics Shares Slump Following FDA Rejection

A 46% premarket drop hit Unicycive Therapeutics on Tuesday after the FDA issued a second rejection for its lead drug candidate, oxylanthanum carbonate. The agency declined to approve the treatment for dialysis patients, citing unresolved manufacturing deficiencies at an external facility that previously halted the application.

Unicycive Therapeutics Shares Slump Following FDA Rejection

The Los Altos-based biotechnology firm confirmed that the regulator’s decision centers solely on its contract manufacturer rather than the drug's clinical performance. According to the company, the FDA has not raised objections regarding safety or efficacy data, nor has it requested additional clinical testing.

Although Unicycive signaled significant progress toward manufacturing compliance late last year, the company admitted the FDA has yet to perform a fresh inspection of the vendor. Executives remain in discussions with regulators regarding the drug's labeling and packaging. Unicycive management expressed optimism that a future facility inspection will clear the path for an expedited resubmission of their application.

Share article
TelegramXFacebook

When reusing this material a link to Money Talk is required.

Comments (0)

Leave a comment

No comments yet. Be the first!